And if this real estate thing doesn't work out, you'll be out a lot less money.For most folks on BP they really just want access to the MLS, so being a salesperson is quite sufficient.

Evictions can take a while, and damage needs to be fixed, and then some kind of marketing for a new tenant  I recommend three months reserves for every property  I recommend that you be licensed so that you can show the property in case it interferes with your realtor laws in Oklahoma  I also recommend that you have some kind of a collection company that takes the payment directly from the tenant buyer to the mortgage company not to the seller  If you do have reserves, and the tenant buyer wants to buy the property, I use a reverse assignment technique that basically create your equity in the contract in the form of a note, attached to the property, and instead of two closings you have one closing, a new contract from the seller to the tenant buyer, but you get paid when the house closes and pays off your noteI love Oklahoma City because it has great  Yeilds between what you get from rent and what your mortgage payment is PITI

Our portfolio sits at three SFR's, which we will be looking to expand in the very near future.  

I am currently renting a place for $1,000, and I would like to "house-hack" and live in the 1BR unit (all numbers assume I am collecting rent from all three units though):Offer Price: $365,0003% Seller Assist: $6,400Total Income: $3,200Unit 1 Rent (2 BR, 1 BA): $1,250Unit 2 Rent (2 BR, 1 BA): $1,150Unit 3 Rent: (1 BR, 1 BA): $1,100Total Monthly Rent (before vacancy): $3,500Total Monthly Rent (assuming 1/12 months is vacant): $3,200Total Mortgage: $1,940Monthly Mortgage: $1,700MIP: $240Total Expenses: $1,065Maintenance/Repairs: $280/month (~8% of total monthly rent)Property Taxes: $240/monthInsurance: $170/monthCapEx: $175/month (~5% of total monthly rent)Water: $150/month (not metered)Miscellaneous: $50/monthFYI - did not budget for property management, because I intend on living here long-term and self-managing$3,200 - $1,940 = $1,260$1,260 - $1,065 = $195 cashflow/month

Currently have three properties in three different states. 

Some details of  contracts to ensure that you and your tenants needs are more sufficiently met with snow removal.  

We just recently purchase and put a tenant in a property for a landlord out of New Jersey so long distance isn't a problem.Give her a call at three, two, one - five, one, four - seven, three, two, three she'd love to chat with you and tell her Jonno sent you :)Or you can shoot me your number and I can get her to give you a call at your convenience.Cheers,Jonno

Three tenants are on the lease for her house, but she pays 1200 dollars in a check every month to landlord and her sister pays 700 in a check back to her.

The rest in three additional months so a total of 6 months to be safe.

This is a three part question....Am I wasting my agent's time?